66 Fl-20Freeport, FL 32439
- Retail properties
- 13,500 SF
Property Details for 66 Fl-20
- Lot size
- 2.35 AC
- Property size (Sq ft)
- 13,500 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a 13,500-square-foot retail property located at 66 FL-20, Freeport, FL 32439, within the Walton County, Florida Panhandle MSA. The property features a single-tenant, net-leased convenience store occupied by a Dollar Tree/Family Dollar combination store, boasting an ultra-successful format. The current lease commenced April 5th, 2023, and has a remaining term of approximately 8.3 years, expiring February 28th, 2033. The property's strong financial performance is reflected in its $2,484,000 asking price, a $184 per square foot rate, and a 6.75% cap rate, generating a net operating income (NOI) of $167,670. The building, situated on a 2.35-acre lot, underwent renovations in 2023 and benefits from a 100% occupancy rate. The property is zoned for commercial use and enjoys a high-traffic location with a reported 16,500+ vehicles per day on State Road 20. This investment-grade property offers a recession-proof and e-commerce-resistant tenant, making it an attractive and stable long-term investment.
Location Insight
- City
- Freeport
- County
- Walton
- State
- Florida
- Latitude
- 30.4968
- Longitude
- -86.1352
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].